Cullinan Properties Ltd. has hired Brian Morrissey as chief financial officer. Morrissey brings over 24 years of financial, accounting and acquisition/disposition experience to the Cullinan team. Morrissey, who is based in Cullinan Properties’ Chicago office, will be responsible for overseeing the accounting department including all of its operations, treasury functions, company cash flow projections and cash management, insurance risk management, as well as involvement with various tax and other finance matters for Cullinan Properties and its projects throughout the United States.
“Brian’s extensive expertise in commercial real estate finance and operations, coupled with his systematic approach and executive leadership is of utmost value to our organization and his contributions are going to play a major role as Cullinan continues its tremendous growth,” said Christopher M. West, chief executive officer for Cullinan Properties. West also stated that Michael Norbutas, Cullinan Properties’ outgoing CFO, is preparing for retirement and will remain active in Cullinan’s business on a part-time basis.
Morrissey previously served as the chief accounting officer for CA Ventures, a real estate investment and holding company. He oversaw operations focusing on all financial reporting, financial analysis, tax, risk management, payroll and operating reporting. He also worked with CA’s property and development teams to maximize each project’s operating and financial returns.
Prior to CA Ventures, Morrissey worked for Merchandise Mart Properties, Inc. (a division of Vornado Realty Trust) where he served in several roles, including senior vice president of finance. There, he worked on a major cost-savings restructuring and was involved with $450 million of property and trade show asset sales.
Morrissey is a graduate of Elmhurst College where he earned his bachelor of science in accountancy. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Illinois CPA Society.